Upfront Costs For Mortgage Loans Prior To Closing
This guide covers upfront costs for mortgage loans prior to closing. What would you do as a borrower if a…
Acceptable Sources of Verifiable Funds for Closing
In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of…
Collection Accounts | Bad Credit Mortgages | Charge Off Accounts | FHA Loans | Mortgage Processing And Underwriting | Videos
How Underwriters View Collections on Mortgage Loans
HUD, the parent of FHA, does not require you to pay off the outstanding unpaid collection account balances in order to qualify for FHA Home Loans. However, FHA will count a percentage of any outstanding non-medical collection account balances.
Overlays in Underwriting By Mortgage Lenders
This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul…
Videos | Conditional Loan Approval | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved
Home Loan Approval After Denied By a Bank For Your Mortgage
This guide covers getting a home loan approved after denied by a bank for your mortgage. There should be no…
High Debt To Income Ratio | Home Mortgages | Home Purchase | Mortgage Processing And Underwriting | Videos
DTI Calculations in Community Property States Guidelines
This guide covers DTI calculations in community property states mortgage guidelines. DTI calculations in community property states are calculated differently…
Role of Mortgage Underwriter During The Mortgage Process
In this blog, we will cover the role of mortgage underwriter during the mortgage process. The role of mortgage underwriter…
How Do Mortgage Underwriters Calculate Income of Borrowers
This guide covers how do mortgage underwriters calculate income of borrowers. Income is the most important aspect of qualifying for…
Credit Tradelines NOT Reporting To Credit Bureaus
This guide addresses the issue of credit tradelines not reporting to credit bureaus. When faced with this situation, finding solutions…
Mortgage Processing And Underwriting | Compensating Factors | FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Verification Of Rent | Videos
Revised FHA Total Scorecard Underwriting Guidelines
This blog will cover the FHA Total Scorecard and how it works. The United States Department of Housing and Urban…
Preparing For Mortgage Process In Illinois
This guide covers preparing for mortgage process in Illinois. Preparing For Mortgage Process In Illinois is different than other states….
Loan Estimate Versus Closing Disclosure Closing Costs
Closing costs on the Loan Estimate versus Closing Disclosure will most likely be different. The itemized closing costs on the…
Warehouse Line of Credit Used By Mortgage Bankers
In this blog, we will discuss and cover the warehouse line of credit used by mortgage bankers and correspondent lenders….
Home Mortgages | Automated Underwriting System | Conditional Loan Approval | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
How Do Mortgage Underwriters Qualify Borrowers
In this blog, we will cover and discuss how do mortgage underwriters qualify borrowers. Credit scores and income is what…
Preparing For Home Loan Before Applying For a Mortgage
This blog will cover preparing for home loan before applying for a mortgage for a smooth mortgage approval without stress….
Changing Lenders During Underwriting Process
This guide covers changing lenders during underwriting process before closing. The mortgage approval process does not have to be stressful…
Loan Officer Document Checklist To Start Mortgage Process
This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of…
Income And Employment | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
Employer Distance Requirements on Primary Home Mortgages
In this blog, we will cover employer distance requirements on primary home mortgages. Employer Distance Requirements On Primary Home Mortgages…
How Underwriters Qualify Income To Approve Mortgage Loans
This guide covers how underwriters qualify income to approve mortgage loans. Many mortgage loan applicants do not have the role…
Qualifying For a Mortgage Downsizing To a Smaller Home
This guide covers qualifying for a home loan downsizing to a smaller home. It makes no sense in having a…
Things That Can Delay Your Mortgage Loan Closing
This guide covers things that can delay your mortgage loan closing. A mortgage loan should be able to close in…
Getting Faster Mortgage Approvals and Closing on Time
Borrowers should not stress during the mortgage process. . There is no reason why there should be stress during the mortgage process.
